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A former head of European prime brokerage at UBS has returned to banking with a similar senior role at Bank of America Merrill Lynch – a move that will reunite her with her former boss at the Swiss bank.

Martina Slowey, who was most recently chief operating officer at the now defunct hedge fund Edoma Partners, has joined Bank of America Merrill Lynch as head of prime brokerage for Europe, the Middle East and Africa, according to an internal memo from Stuart Hendel, global head of financing products.

Slowey will report to Hendel and Simon Greenwell, head of Emea equity distribution at the US bank.

Slowey and Hendel previously worked together at UBS; Slowey served as head of European prime brokerage under then global co-head Hendel. Slowey left UBS in May 2010 after almost 14 years and was replaced by co-head of US prime brokerage sales Charlotte Burkeman.

Burkeman, along with Hendel and Jonathan Yalmokas resigned from UBS in March 2011 and the three of them resurfaced at Bank of America Merrill Lynch later that year, with Burkeman taking on the role of head of prime brokerage for Emea. However, Burkeman recently left Bank of America Merrill Lynch, according to a person familiar with the situation.

Bank of America Merrill Lynch declined to comment. Burkeman could not be reached for comment.

At Edoma Partners, Slowey was a founding partner and chief operating officer. The hedge fund was launched by Pierre-Henri Flamand, the former Goldman Sachs partner who served as global head of its principal strategies business, the US bank's largest proprietary trading desk.

Edoma raised over $2bn for an event-driven hedge fund that launched in November 2010 in what was the largest launch of that year. But last November Flamand said he was shutting down Edoma because “I don’t think I can make money in this environment”.

Financial News revealed yesterday that Benros Capital, which was set up in 2011 by two former members of Flamand’s team at Goldman Sachs, was closing down after its seed investor, Sweden’s Brummer and Partners, pulled its $300m investment.